Today India raised its Prime Lending Rate from 7.75% to 8% – a jump of 25 Basis Points. I have been thinking as to what could be the impact to a common man like many of us and how best can we take advantage of the situation.
Whenever I think of its impact, it scares the hell out of me. I am not scared by a mere 25 BP increase, what I am scared is for the impact on all of us, eventually. May be it is a good move by the RBI to curb inflation and its side effects. Think about it – this could be the trigger of rising costs and reduction in the purchasing power of the common junta.
Take a look at what it has done to the already bleeding market. In the US, the Indian shares fell sending the BONY India ADR Index to a 2 month low. Every day I read about the bloodbath on the floor and it disturbs me. I know how much I have longed for playing in the market and when I did, it cheated on me like a pack of dominoes falling without even giving notice and an opportunity to recover. I wish I had listened to my outer conscience a.k.a. my wife.
Coming to the point, there is this gloom everywhere. Markets all over the world are crumbling, interest rates on the rise, real estate becoming unaffordable day by day, stock prices dipping etc etc.
What does it say – If there is an opportunity ever, it is only now, only now, only now !!! I wish I had delayed my investment in stock market by 6 months.
You can not obviously create an omlete without breaking an egg – can you ? Where there are growth opportunities, there ought to be some challenges as well. So sit back and enjoy the turbulent times – If you have the dough, test your analytical skills and may be practice it too.
This is the time to do it !
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